In New Mexico, over 30 percent of
motorcycle accidents, and
truck accidents are caused by drivers without state-required minimum liability coverage.
In response to this statistic, New Mexico required insurance companies
to offer uninsured motorist coverage with their policies.
What is Uninsured Motorists Coverage?
Uninsured motorist coverage is coverage that provides the driver/policyholder
insurance coverage in the event they are injured or receive other property
damages caused by a negligent, uninsured driver. In New Mexico, auto insurance
providers are required to include this clause with the standard auto-insurance premiums.
Do I Need Uninsured Motorists Coverage?
Without uninsured motorist coverage, the costs of your injuries, your passengers’
injuries and property damages can mount quickly. Without uninsured motorist
coverage, your health insurance may provide coverage for your injuries.
However, your passengers may not have health insurance to cover their
injuries. If you wish to protect yourself from the risk of extensive medical
debt, uninsured motorist coverage is necessary.
Can I Waive Uninsured Motorist Coverage?
In some cases, insurance companies will sell drivers auto insurance without
uninsured motorist coverage to get the lowest possible premium. These
policies are called liability only policies. For an insurance agent to
sell you this type of coverage they must do the following:
- Offer the coverage and explain the cost
- You must sign a waiver stating you were offered uninsured motorist coverage
and you declined coverage.
If both criteria are fulfilled, you have waived you uninsured motorist coverage.
What Damages can an Albuquerque personal injury lawyer help me recover?
If you suffered injuries as a result of a negligent, uninsured driver you
can recover compensation for the following:
- Past and future medical expenses
- Pain and suffering
- Lost wages/earnings
- Permanent disability or injury
Unlike an insured motorist accident case, your own insurance carrier is
responsible for covering the cost of the damages that would have been
paid by the at-fault driver. While you are not required to contact an
attorney to settle your claim, statistics show that those who work with
an attorney often receive significantly higher settlements. For more information
on how our
Albuquerque personal injury attorney can help you with your personal injury case, contact our offices at (505) 559-4117.